Which is Best Term Life Insurance Plans in India for You?

There are 20+ insurance companies operating in India offering life insurance policies to people. Sometimes, it becomes very difficult to choose from among the options available. But in order to buy the right type of life insurance, an individual must perform some research and evaluate various policies according to their own requirements. 

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Note: Know more about what is term insurance first before reading this article.

An individual must assess their own needs before deciding what to buy. An individual can buy unit linked insurance plans, whole life insurance policy or term insurance plans which are considered as purest form of life insurance.

In order to buy best term life insurance in India, there are few things that an individual must consider. The first and foremost is the insurance cover which is positively correlated with term life insurance premium. One must compare term plan offered by various insurance providers in order to compare coverage provided by different policies as each policy is different with context to coverage offered by them. Higher the insurance coverage, higher the insurance premium and vice-versa. You must carefully study this aspect as ideal term insurance coverage must take care of your basic household expenditure, major expenses like marriage of the children and other liabilities like loans. Life cover should be adequate in order to achieve the purpose of insurance. You must determine the time frame till you require insurance cover which can be associated with your dependents. Term life insurance can be bought for tenures of 5, 10, 15, 20 and 25 years. You must buy insurance policy till the time you have dependents depending on your income. You must consider inflation in order to buy insurance policy satisfying your financial requirements in the future. One can compare various kinds of online term insurance plan catering your insurance motives.

Life Insurer Details

The other aspect is the cost associated with buying term life insurance cover. In order to term plan, one must buy it at the earliest as insurance premium are very low when you are young. An individual must compare term plan rates in order to buy cheaper term life plan. An individual can use comparison tools provided by insurance aggregators online to compare life insurance plans rates which will eventually help you to buy best term life insurance plan in India. These insurance aggregators provide several tools to compare online term insurance plan which proves and help your decision to choose among variety of term life insurance plans.

Note: You should also check the term insurance benefits if you are planning to purchase the term insurance plan.


Premium By Age

˜Top plans are based on annualized premium, for bookings made through https://www.policybazaar.com in FY 25.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

© Copyright 2008-2025 policybazaar.com. All Rights Reserved

+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.

Choose Term Insurance Plan as per you need

Plans starting from @ ₹473/Month*
Term Insurance
1 Crore Term Insurance
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2 Crore Term Insurance
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4 Crore Term Insurance
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5 Crore Term Insurance
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